Mercer has signed an agreement to acquire Pensjon & Finans, a Norwegian-based investment and pension consulting firm.
Closing of the transaction is subject to regulatory approval and other conditions. Terms of the agreement were not disclosed.
Pensjon & Finans was established in 1997 and covers the public and private sector institutional markets. Existing clients of Pensjon & Finans will have access to Mercers broad range of services while being served by the same consultants they are used to.
Espen Klw, CEO of Pensjon & Finans, will become head of Mercer Investment Consulting in Norway after the acquisition is finalized. Caspar Holter, founder of Pensjon & Finans, will remain at Mercer.
Mercer is a leader in global investment consulting and Pensjon & Finans has an outstanding reputation and impressive relationships in the Norwegian market, says Nicolai Berg, head of Mercers Nordic Investments business. Many institutions are requiring more specialist advice as well as global capabilities and the combination of resources of Mercer and Pensjon & Finans will ensure that our Norwegian clients will benefit from the acquisition.
Klw adds: We believe our clients will realize that we can provide enhanced support and solutions because of the experience, resources and global reach that result from this combination. It will result in a substantial increase in manager research and due diligence capabilities, including implemented consulting expertise. Our client commitment and insights will be supplemented by the global reach, professionalism and resources of Mercer. Both Mercer and Pensjon & Finans have similar values and share a commitment to excellence and to the Norwegian market.
(CG)